ECONOMIC DEVELOPMENT WITH ON-GOING (EIN 844036206) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Phone

9548836816

Tax Period

2024-11-01 to 2025-10-31

ECONOMIC DEVELOPMENT WITH ON-GOING, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $126K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 73% operating margin.

Mission

ECONOMIC DEVELOPMENT WITH ON-GOING COMMUNITY ENGAGEMENT, INC. IS A NON-PROFIT CORPORATION ESTABLISHED EXCLUSIVELY CHARITABLE PURPOSES TO IMPROVE OVERALL COMMUNITY PROGRAMS, SOCIAL SERVICES, INFRASTRUCTURES AND FACILITIES TO ENSURE EFFECTIVENESS OF ALL COMMUNITY ENGAGEMENT EFFORTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $126,350

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $126,350

Expense Breakdown

Grants Paid $32,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,935

Other Expenses $1,085

TOTAL EXPENSES $33,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,350	$60,602	+1.1%
Expenses	$33,935	$42,458	-0.2%
Net Income	$92,415	$18,144	+4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ITALIA THURSTON	PRESIDENT	5.00	Officer	$0	$0	$0
IAN EVANS-SMITH	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$0	$0
KAREN R SHIELDS	SENIOR FISCAL OPERATION MANAGER	5.00	Officer	$0	$0	$0
NIXON LEBRUN	DIRECTOR	5.00	Officer	$0	$0	$0
SOPHIA A BRYAN	SECRETARY	5.00	Officer	$0	$0	$0
NATALIE RICHMOND	DIRECTOR	5.00	Officer	$0	$0	$0
TONY COLLINS	DIRECTOR	5.00	Officer	$0	$0	$0
NIXON LEBRUN	MANAGER	5.00	Officer	$0	$0	$0
RAMONE WALKER	MANAGER	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$126,350	$33,935	$163,105	$92,415
2024	$60,602	$42,458	$73,689	$18,144
2023	$57,000	$47,789	$55,545	$9,211
2022	$46,000	$22,322	$46,334	$23,678

ECONOMIC DEVELOPMENT WITH ON-GOING